Egypt signs exploration deals with three oil firms

first_imgEgyptian government has signed exploration agreements with three oil companies this week, which is expected to attract a $265 million investment to the country.The three companies involved are Petroceltic from Ireland, UAE’s Dana Gas and Edison from Italy.  According to a statement made by the Ministry of Petroleum and Mineral Resources, the companies will drill a minimum of 8 exploration wells.Under the agreement, the companies will explore for oil and gas in the Mediterranean sea, the Gulf of Suez and the Nile Delta.Energy minister Sharif Ismail said that in order to increase its oil production and develop more reserves, Egypt would continue inviting bids from international oil companies for new leases.He added that these contracts will make the investment climate in Egypt more attractive for international oil companies, which will lead to increased level of exploration activities. [mappress]Offshore Energy Today Staff, February 14, 2014last_img read more

“Stop Political Tribalism”- Reparations Committee

first_img Share Chairman of the National Reparations Committee, Dr Damien Dublin (file photo)The Dominica Reparations Committee says it wants a halt to what it says is a political tribalism approach involving frequent public character assassination of citizens both in public and private life and the unjustified posturing of violence.Chairman of the Dominica Reparations Committee, Dr. Damian Dublin spoke to Dominica Vibes on Tuesday, October 1st.He said, “The committee proposes striving for a climate of peaceful coexistence, respect for differing views and opinions, toning down of caustic and inflammatory remarks and respect for public constitutional institutions and offices.”He adds, “A focused determined and amicable expression of constitutional rights as a citizen within a responsible framework is necessary.”Dr Dublin believe that, “The overall success of the Caribbean Reparations Commission and the Dominica Reparations Committee of this globally recognized and accepted struggle for reparations and reparatory justice for descendants of enslaved Africans and the naked genocide committed against the indigenous population hinges on a focused and unity of purpose from the entire population both here and in the diaspora.” Sharing is caring! 155 Views   no discussions Tweetcenter_img Share Share LocalNews “Stop Political Tribalism”- Reparations Committee by: – October 4, 2019last_img read more